Thursday, December 8, 2016

Orange interested in a possible buyout of Canal Plus – Le Figaro

Orange would be interested in a takeover of the group’s pay-TV Canal+, a subsidiary of Vivendi, if it was put on sale, said Thursday the boss of the telecom operator of france’s Stéphane Richard quoted on Thursday by Les Echos on its website. “If Canal+ was on sale, it is certain that Orange was interested in,” said the manager when asked about the assumptions of reconciliation between the two groups mentioned for several months. “A lot of reasons for an alliance between Orange and Canal+ which is the form and the extent remain to be defined,” said Stéphane Richard, speaking on the sidelines of a travel to Morocco. Vivendi, the parent company of Canal+, under the leadership of its main shareholder, Vincent Boll oré, spends a lot of effort for a recovery of the encrypted string without success for the moment to stop the bleeding of subscribers. A reconciliation between Orange and Vivendi has been referred to by several media outlets, while Canal+ is exposed to competition more and more lively in the contents of the SFR, a subsidiary of the group Altice.


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